What Is Solidity?

Solidity is a programming language used to create smart contracts on the Ethereum blockchain. It was developed by Gavin Wood, Christian Reitwiessner, Alex Beregszaszi and several other contributors in 2014. Solidity is an object-oriented, high-level language for implementing smart contracts that runs on the Ethereum Virtual Machine (EVM). Smart contracts are self-executing digital agreements that can be programmed to automatically execute certain actions when specific conditions are met. They provide a secure way of exchanging money or assets without relying on third parties such as banks or lawyers.

Solidity enables developers to write applications that run exactly as intended with no possibility of censorship, fraud or third party interference. The code written in Solidity is compiled into bytecode which can then be deployed onto the Ethereum network and executed by miners who validate transactions and add them to blocks in the chain. This makes it possible for users to trustlessly interact with each other over long distances without having to rely on any central authority or middleman. Additionally, Solidity provides features like inheritance, libraries and user-defined types which make it easier for developers to build complex decentralized applications quickly and securely.

See also  Virtual Commodity Association (VCA)

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